China's Refined Oil Prices Set to Fall on June 4, Second Cut This Year

According to Jin10, China's refined oil prices are set to drop on June 4, marking the second price cut this year. Based on commodity data provider Chuangcui Oil, the ninth working day reference crude oil change rate stands at -12.08%, with an estimated decline of 535 yuan per ton. Analysts expect 92-octane gasoline to fall 0.42 yuan per liter and diesel to drop 0.45 yuan per liter, resulting in approximately 21 yuan savings for a 50-liter tank fill.
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